Bitcoin tops $81,000 ahead of Fed decision as memecoins lead altcoin gains

Bitcoin tops $81,000 ahead of Fed decision as memecoins lead altcoin gains

Summary

Bitcoin rose about 0.8% to $81,400, while ether gained 0.9% and a memecoin index advanced 1.3%. The rebound came alongside gains in Asian chip stocks and U.S. equity futures. Traders awaited the Federal Reserve’s rate decision, with markets pricing in a 92% chance of no change, and Chair Kevin Wash’s press conference. U.S. spot bitcoin ETFs recorded $176 million in inflows for a second consecutive day.